Why Duolingo Stock Was Falling Friday
Duolingo (NASDAQ: DUOL) stock fell 14.6% through 10:55 a.m. ET Friday despite having beaten analyst forecasts for Q4 sales the night before. TheFly.com notes that Duolingo's $209.6 million in Q4 sales exceeded the $205.5 million in sales Wall Street expected. Because of the nonstandard way in which Duolingo reports its numbers, however, it's hard to determine whether the company's earnings on those profits were good or bad.
Let's see if we can help with that.
To find Duolingo's earnings results, you need to start on the SEC's website and locate the Q4 "shareholder letter." Current quarterly and yearly results are presented right up front, but to determine whether Duolingo improved year over year, you have to scroll down a bit.
Source Fool.com
